October 30, 2020

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Jane Fraser first top woman in a major American bank

Jane Fraser first top woman in a major American bank

Jane Fraser becomes Citibank’s new top woman. She is the first woman to hold such a position at a major American bank. Citigroup is the third largest bank in the United States.

Europe

Not a single large bank in the Netherlands is run by a woman. In 2016, ABN AMRO had a premiere with Olga Zoutendijk as the first female supervisory director of a major bank.

In the European banking world, too, women at the top remain the exception rather than the rule. The largest bank in the euro zone, the Spanish Banco Santander, has had top woman Ana Botín since 2014. At the end of 2019, the British bank NatWest got Alison Rose as director. She was the first woman to head a major British bank.

Quota for women

Last week it was announced that in the Netherlands the proportion of women on boards of directors, the day-to-day management of companies, rose from 8.5 percent in 2019 to 12.5 percent in 2020. In the supervisory boards that oversee the supervisory board, the percentage increased from 26.8 to 29.5 percent.

Last year, a majority in the House of Commons voted for a quota of women at the top of the business world. According to the law, which is still in progress, at least 30 percent of the supervisory board must be women. Of the 94 companies, 51 meet this quota. Last year it was 30. There is still no plan for a quota for women on board members.